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Americas Roundup: Sterling rebounds on post-Brexit vote reprieve, US stocks rally-June 29th ,2016

Jun 28, 2016 22:21 pm UTC| Market Roundups

Market Roundup US Q1 GDP revised up to +1.1%, but consumer spending weakens to 1.5% in Q1. US Case Shiller 20MM SA April dips to 0.5% below previous month, misses forecast of 0.6%. US June consumer confidence...

Europe Roundup: Sterling off 31-year lows as risk aversion eases, oil rises above $48 a barrel, European shares gain, Tuesday, June 28th, 2016

Jun 28, 2016 12:24 pm UTC| Market Roundups

Market Roundup GBP/USD +0.7%, USD/JPY +0.3%, EUR/USD +0.4%, AUD/USD +1.0% DXY -0.4%, DAX +2.15%, Brent +1.7%, Iron +4.36% UK Finmin, Osborne-absolutely going to have to cut spending/raise taxes Osborne...

Asia Roundup: Antipodeans rebound as oil rallies, gold declines on profit taking, EU Summit and ECB forum under limelight - Tuesday, June 28th, 2016

Jun 28, 2016 06:48 am UTC| Market Roundups

Market Roundup Preparing for Brexit, Britain may see new PM by early September Reuters. UKs Osborne rules himself out of race to succeed PM Cameron Times. Japan PM Abe eyeing FX-stock markets closely,...

Americas Roundup: Sterling resumes plunge, US stocks sings Brexit blues,gold gains as investors seek refuge after Brexit vote-June 28th,2016

Jun 27, 2016 21:58 pm UTC| Market Roundups

Market roundup SP lowers United Kingdom sovereign credit rating to AA from AAA. Merkel rejects informal Brexit talks before official UK application to leave. Italys Renzi will ask Germanys Merkel to allow more...

Europe Roundup: Sterling hits fresh 31-year low, European shares and oil prices slump amid global market turmoil - Monday, June 27th, 2016

Jun 27, 2016 12:25 pm UTC| Market Roundups

Market Roundup GBP/USD -3.3%, USD/JPY -0.4%, EUR/USD -0.7% DXY +0.13%, DAX -1.5%, Brent +0.08%, Iron +6.0% Germany Merkel-must act to prevent other countries fleeing EU UK Dep. Labour leader, Tom...

Asia Roundup: Antipodeans slump following yuan devaluation, risk-off sentiment cheers yen, sterling near 31-year low - Monday, June 27, 2016

Jun 27, 2016 06:48 am UTC| Market Roundups

Market Roundup CFTC IMM CTA data - Specs up bullish USD nets to 6.62 bln ahead of Brexit Vote, net GBP shorts up, net JPY longs off. Japan PM Abe Instructed FinMin Aso to take necessary FX steps, paying even...

Americas Roundup: Sterling pares losses after hitting 31-year low on Brexit, gold races to 2-year high as investors seek refuge from Brexit-June 25th, 2016

Jun 24, 2016 22:48 pm UTC| Market Roundups

Market Roundup Sterling pares losses after hitting 31-year low on Brexit, ends NY -8%. UK markets price in BoE rate cut by year-end after Brexit shock; BoE offers more than 250 billion pounds in liquidity, SNB...

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Economy

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Politics

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

Alphabets Google and Apple have advised certain employees working in the United States on temporary visas to avoid international travel, as visa stamping delays at U.S. embassies and consulates can now stretch up to 12...

U.S.–Russia Talks in Florida Raise Hopes but Reveal Deep Divides Over Ukraine War

U.S. negotiators met Russian officials in Florida over the weekend as the Trump administration intensified diplomatic efforts to help end Russias war in Ukraine, a conflict that began with Moscows full-scale invasion in...

Ukraine Signals Support for U.S.-Led Three-Sided Talks With Russia to Boost Peace Efforts

Ukrainian President Volodymyr Zelenskiy said on Saturday that Ukraine is prepared to support a U.S. proposal for three-sided talks involving the United States, Ukraine, and Russia, provided the initiative helps accelerate...

Lula Warns Against Military Action in Venezuela as U.S. Pressure Mounts

Brazilian President Luiz Inacio Lula da Silva has strongly warned that any armed intervention in Venezuela would result in a humanitarian catastrophe, amid rising tensions driven by escalating actions from the United...

U.S. Launches Large-Scale Airstrikes on ISIS Targets in Syria After Deadly Attack

The United States military carried out extensive airstrikes against Islamic State (ISIS) targets across Syria on Friday, escalating its response after a deadly attack on American personnel, according to U.S. officials. The...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...